Dimensional Fund Advisors LP Has $159.52 Million Stock Holdings in Dillard's, Inc. $DDS

Key Points

• Dimensional Fund Advisors LP trimmed its stake in Dillard's by 13.9% in Q3, selling 41,878 shares and now holds 259,598 shares (~1.66%) valued at about $159.52 million.
• Dillard's reported $13.05 EPS for the quarter, beating the $9.98 consensus, while revenue fell 3.0% year-over-year to $1.99 billion and slightly missed estimates.
• The company announced a quarterly dividend of $0.30 (annualized $1.20, ~0.2% yield), and analysts carry a consensus "Reduce" rating with a $519.67 price target.

Dimensional Fund Advisors LP decreased its stake in Dillard's, Inc. (NYSE:DDS - Free Report) by 13.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 259,598 shares of the company's stock after selling 41,878 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.66% of Dillard's worth $159,523,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of DDS. Picton Mahoney Asset Management purchased a new position in shares of Dillard's during the 3rd quarter valued at $764,000. Smart Money Group LLC purchased a new stake in shares of Dillard's during the third quarter worth $211,000. American Century Companies Inc. boosted its position in Dillard's by 15.4% during the third quarter. American Century Companies Inc. now owns 50,010 shares of the company's stock valued at $30,730,000 after purchasing an additional 6,682 shares during the last quarter. Aster Capital Management DIFC Ltd boosted its position in Dillard's by 1,292.9% during the third quarter. Aster Capital Management DIFC Ltd now owns 195 shares of the company's stock valued at $120,000 after purchasing an additional 181 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its stake in Dillard's by 21.7% in the third quarter. Handelsbanken Fonder AB now owns 2,800 shares of the company's stock valued at $1,721,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 67.15% of the company's stock.

Dillard's Trading Up 0.3%

Dillard's stock opened at $591.07 on Tuesday. Dillard's, Inc. has a one year low of $282.24 and a one year high of $741.97. The company's fifty day moving average price is $638.54 and its two-hundred day moving average price is $623.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.65 and a quick ratio of 1.31. The company has a market capitalization of $9.24 billion, a price-to-earnings ratio of 16.23 and a beta of 1.30.

Dillard's (NYSE:DDS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $13.05 earnings per share for the quarter, topping analysts' consensus estimates of $9.98 by $3.07. The company had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $2.03 billion. Dillard's had a return on equity of 27.55% and a net margin of 8.81%.The business's quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $13.48 earnings per share. On average, analysts forecast that Dillard's, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 4th. Investors of record on Tuesday, March 31st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.2%. The ex-dividend date is Tuesday, March 31st. Dillard's's payout ratio is 3.30%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. JPMorgan Chase & Co. dropped their target price on Dillard's from $524.00 to $449.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 25th. Zacks Research lowered Dillard's from a "strong-buy" rating to a "hold" rating in a report on Monday, February 23rd. Wall Street Zen raised Dillard's from a "hold" rating to a "buy" rating in a research note on Sunday. UBS Group increased their price objective on Dillard's from $184.00 to $460.00 and gave the stock a "sell" rating in a report on Friday, November 28th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Dillard's in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $519.67.

Dillard's Profile

Dillard's, Inc NYSE: DDS, headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard's equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men's and women's apparel, accessories, cosmetics, footwear, and home furnishings.

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